XRP, Conflux, Pudgy Penguins register triple-digit gains as altcoins overtake Bitcoin

In a remarkable shift across the crypto markets, altcoins are rapidly stealing the spotlight from Bitcoin, with tokens like XRP, Conflux (CFX), and Pudgy Penguins (PENGU) posting triple-digit gains in recent days. This resurgence in alternative digital assets comes at a time when Bitcoin’s dominance is beginning to waver, opening the door for an altseason that is gaining momentum from all angles. XRP breaks out on bullish momentum and legal clarity XRP, Ripple’s native token, has surged more than 29% this week, pushing its price to highs last seen in late 2021 and lifting its market cap above $210 billion. Over the past month, the altcoin has gained over 65% in value. XRP price | Source: Coingecko Notably, the XRP price hike has placed its valuation ahead of global energy giant Shell, underscoring the growing influence of crypto assets in mainstream financial landscapes. Analysts attribute this bullish momentum to multiple converging factors, including the recent launch of Ripple’s RLUSD stablecoin and a new filing with the US Office of the Comptroller of the Currency (OCC). In addition, the recent signing into law of the GENIUS Act by President Donald Trump provides a clearer path for stablecoin issuers like Ripple, which is the issuer of the RLUSD stablecoin. Well-known market analyst Dr. Cat recently spotlighted the XRP/BTC trading pair, noting that the token is “coiling” beneath a critical resistance level at 2,674 satoshis. If XRP closes July above that zone, it could signal the formation of the first bullish Ichimoku Cloud “kumo twist” in nearly six years, a rare signal that typically precedes explosive rallies. While a Tenkan-Kijun cross is yet to confirm the move, the overall structure remains firmly bullish, with price targets between $6 and $10 now in focus if Bitcoin continues its upward trajectory toward $144,000. Conflux rockets on China’s blockchain push While XRP rides regulatory tailwinds, Conflux (CFX) is surging on geopolitical and technological momentum, doubling in value over the past week to hit $0.23 — a seven-month high. The altcoin has seen a 104% price surge over the past week and nearly 200% rise over the past month. CFX price | Source: Coingecko This price rally follows the unveiling of Conflux 3.0 , a major upgrade that promises a 15,000 transactions-per-second throughput and native on-chain AI agent support, both of which point to a high-performance future for the network. What’s drawing institutional attention, however, is the announcement of a new RMB stablecoin initiative aligned with China’s Belt and Road strategy. This push is seen as a direct response to rising demand for blockchain-based financial infrastructure across Asia, with Conflux positioned as a key gateway for international settlements. Daily trading volume for CFX spiked nearly 3,000%, while the network’s market cap more than doubled to over $1.1 billion, confirming aggressive capital inflows into the ecosystem. Pudgy Penguins’ explosive breakout amid reignited NFT frenzy Cultural assets are also joining the party, with PENGU, tied to the Pudgy Penguins NFT collection, surging over 27% in the last 24 hours and smashing through key resistance levels. This breakout follows a clean technical formation, with the price escaping a symmetrical triangle that had capped action since mid-July, sending PENGU to a multi-month high at $0.3959 after the partnership between Pudgy Penguins and Suplay Inc . Notably, the altcoin’s value has risen by more than 314% over the past month and by 654% over the past three months. PUNGU price | Source: Coingecko However, with the Relative Strength Index (RSI) now showing overbought conditions, a modest pullback to the $0.031–$0.032 range may serve as a reset before the next leg higher. Meanwhile, the NFT market is showing signs of a powerful revival, with trading volumes jumping 370% in a single day and overall market capitalisation rising 17% to cross the $6 billion mark. Pudgy Penguins now ranks as the second-largest NFT collection by market cap, with its floor price soaring more than 16% to 16.75 ETH, or roughly $63,500. Altcoins now lead the crypto charge Bitcoin’s recent dip in dominance has created fertile ground for alternative digital assets to assert themselves, and the current rally across altcoins appears to be both broad-based and multi-dimensional. Analysts like Michaël van de Poppe are anticipating the next six months to be massively bullish for altcoins. Michaël van de Poppe @CryptoMichNL · Follow Very interested to see how the next week is going to be for #Altcoins .Given that we’re slightly extended to the upside (short term) in terms of volatility, I would guess we’re getting a significant short and violent correction and continue the uptrend.These six months are 10:29 PM · Jul 20, 2025 735 Reply Copy link Read 120 replies As Bitcoin (BTC) slowly climbs toward new highs, the market is clearly favouring assets like XRP, CFX, and PENGU that offer unique value propositions, and for now, altcoins are leading the charge. The post XRP, Conflux, Pudgy Penguins register triple-digit gains as altcoins overtake Bitcoin appeared first on Invezz

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